Leases

3 Months Ended

Mar. 25, 2022

Leases [Abstract]

Leases

NOTE 2 – LEASES

For the three-month periods ended March 25, 2022 and March 26, 2021, cash paid for amounts included in the measurement of operating lease liabilities was $80 and $78, respectively, and lease right-of-use assets obtained in exchange for new operating lease liabilities were $75 for both three-month periods. The weighted-average remaining lease term was four years as of both March 25, 2022 and December 31, 2021, and the weighted-average discount rate was 2.0% and 2.1%, respectively.

The following table summarizes the Partnership's operating lease cost, variable lease cost not included in the lease liability and total lease cost for the:

	Three Months Ended
	March 25, 2022		March 26, 2021
Lease Costs:
Operating lease cost	$	82	$	78
Variable lease cost		15		14
Total lease cost	$	97	$	92

The Partnership's future undiscounted cash outflows for operating leases are summarized below as of:

	March 25, 2022
2022	$	233
2023		263
2024		200
2025		138
2026		81
Thereafter		72
Total lease payments		987
Less: Interest		35
Total present value of lease liabilities	$	952

While the rights and obligations for leases that have not yet commenced are not significant, the Partnership regularly enters into new branch office leases.